Balboa Corporation has 1,000,000 shares of $1 par common stock outstanding on March 1, 2020. On March 2, the board of directors declares a 30% stock dividend. The par value per share is unchanged. The dividend shares are to be distributed on April 3 to stockholders of record on March 15. The market price per share of common stock is $20 on March 2, $25 on March 15, and $18 on April 3. The journal entry on March 2 includes a debit to Retained Earnings for $6,000,000. a credit to Common Stock Dividend Distributable for $300,000. a credit to Common Stock Dividend Distributable for $6,000,000. a debit to Retained Earnings for $5,400,000